Quantifying the Coordinated Effects of Partial Horizontal Acquisitions

Detalhes bibliográficos
Autor(a) principal: Brito, Duarte
Data de Publicação: 2013
Outros Autores: Ribeiro, Ricardo, Vasconcelos, Helder
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/21185
Resumo: The growth of private-equity investment strategies in which rms often hold partial ownership interests in competing rms has led competition agencies to take an increased interest in as- sessing the competitive e¤ects of partial horizontal acquisitions. We propose a methodology to evaluate the coordinated e¤ects of such acquisitions on di¤erentiated products industries. The acquisitions may be direct and indirect, and may or not correspond to control. The method- ology, that nests full mergers, evaluates the impact on the range of discount factors for which coordination can be sustained. We provide an empirical application to several acquisitions in the wet shaving industry.
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spelling Quantifying the Coordinated Effects of Partial Horizontal AcquisitionsAntitrustCoordinated EfectsPartial AcquisitionsOligopolyDiferenti-ated ProductsDemand EstimationThe growth of private-equity investment strategies in which rms often hold partial ownership interests in competing rms has led competition agencies to take an increased interest in as- sessing the competitive e¤ects of partial horizontal acquisitions. We propose a methodology to evaluate the coordinated e¤ects of such acquisitions on di¤erentiated products industries. The acquisitions may be direct and indirect, and may or not correspond to control. The method- ology, that nests full mergers, evaluates the impact on the range of discount factors for which coordination can be sustained. We provide an empirical application to several acquisitions in the wet shaving industry.Veritati - Repositório Institucional da Universidade Católica PortuguesaBrito, DuarteRibeiro, RicardoVasconcelos, Helder2016-12-23T16:59:11Z20132013-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.14/21185engBRITO, Duarte; RIBEIRO, Ricardo; VASCONCELOS, Helder - Quantifying the Coordinated Effects of Partial Horizontal Acquisitions. SSRN working paper series. 2013. Available at: (June 19, 2013). Available at SSRN:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2282126info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-09-19T01:40:21Zoai:repositorio.ucp.pt:10400.14/21185Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:16:51.224016Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Quantifying the Coordinated Effects of Partial Horizontal Acquisitions
title Quantifying the Coordinated Effects of Partial Horizontal Acquisitions
spellingShingle Quantifying the Coordinated Effects of Partial Horizontal Acquisitions
Brito, Duarte
Antitrust
Coordinated Efects
Partial Acquisitions
Oligopoly
Diferenti-ated Products
Demand Estimation
title_short Quantifying the Coordinated Effects of Partial Horizontal Acquisitions
title_full Quantifying the Coordinated Effects of Partial Horizontal Acquisitions
title_fullStr Quantifying the Coordinated Effects of Partial Horizontal Acquisitions
title_full_unstemmed Quantifying the Coordinated Effects of Partial Horizontal Acquisitions
title_sort Quantifying the Coordinated Effects of Partial Horizontal Acquisitions
author Brito, Duarte
author_facet Brito, Duarte
Ribeiro, Ricardo
Vasconcelos, Helder
author_role author
author2 Ribeiro, Ricardo
Vasconcelos, Helder
author2_role author
author
dc.contributor.none.fl_str_mv Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Brito, Duarte
Ribeiro, Ricardo
Vasconcelos, Helder
dc.subject.por.fl_str_mv Antitrust
Coordinated Efects
Partial Acquisitions
Oligopoly
Diferenti-ated Products
Demand Estimation
topic Antitrust
Coordinated Efects
Partial Acquisitions
Oligopoly
Diferenti-ated Products
Demand Estimation
description The growth of private-equity investment strategies in which rms often hold partial ownership interests in competing rms has led competition agencies to take an increased interest in as- sessing the competitive e¤ects of partial horizontal acquisitions. We propose a methodology to evaluate the coordinated e¤ects of such acquisitions on di¤erentiated products industries. The acquisitions may be direct and indirect, and may or not correspond to control. The method- ology, that nests full mergers, evaluates the impact on the range of discount factors for which coordination can be sustained. We provide an empirical application to several acquisitions in the wet shaving industry.
publishDate 2013
dc.date.none.fl_str_mv 2013
2013-01-01T00:00:00Z
2016-12-23T16:59:11Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.14/21185
url http://hdl.handle.net/10400.14/21185
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv BRITO, Duarte; RIBEIRO, Ricardo; VASCONCELOS, Helder - Quantifying the Coordinated Effects of Partial Horizontal Acquisitions. SSRN working paper series. 2013. Available at: (June 19, 2013). Available at SSRN:https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2282126
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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